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HuaweiMobile Telecommunications Company Saudi Arabia, or Zain KSA, on Sunday announced the approval of its proposed capital restructuring.
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Etihad Airways has leased a Virgin Australia Boeing 777-300ER for use on its route between Abu Dhabi and Kuala Lumpur. The once a week wet lease service again reflects the importance of the relationship between the two carriers.
Ahmed Butti Ahmed, the executive chairman of Ports, Customs and Free Zone Corporation and director-general of Dubai Customs, on Sunday inaugurated the second Middle East Fragrance Summit, or MEFS 2012, which run until today the Ritz Carlton – DIFC in Dubai.
Egyptian stocks tumbled the most in two months after unofficial presidential election results showed the two most-divisive candidates are headed for a runoff next month. Arabian Gulf shares retreated.
In northwest Myanmar, where the Kaladan River flows out into the Bay of Bengal, the two giant arms of a half-built wharf enfold the estuarine mud with steel and concrete.
The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G-20 economies.
The eurozone needs to push ahead with its financial sector reform plans and create a centrally managed and funded body to handle troubled banks, a European Central Bank policymaker said on Friday.
French banks, which are among the lenders most exposed to Greece, have stepped up their efforts on contingency plans for the debt-laden country leaving the eurozone, sources familiar with the situation said.
The Pakistan rupee sank to a new low on Friday against the US dollar as the demand for the greenback rose due to oil imports payments, though Islamabad has repaid a $394 million loan installment to the International Monetary Fund.
BRUSSELS/GENEVA - The European Union filed a suit against Argentina’s import restrictions with the World Trade Organisation (WTO) on Friday, intensifying the disputes between the South American nation and its trading partners.